Saudi Tourism Development Fund (TDF) has signed an agreement with Ennismore, a UK-based developer of hospitality properties, for setting up a SR1.5 billion ($400 million) fund that would bring its lifestyle brands to 12 destinations across the kingdom.
Saudi Tourism Development Fund (TDF) has signed an agreement with Ennismore, a UK-based developer of hospitality properties, for setting up a SR1.5 billion ($400 million) fund that would bring its lifestyle brands to 12 destinations across the kingdom.
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Saudi Arabia’s Tourism Development Fund (TDF) will jointly finance a 1.3 billion Saudi riyals ($346 million) project in Madinah aimed at capitalising the tourism potential of the holy city.
The fund signed an agreement on Thursday with Knowledge Economic City and Riyad Bank to finance the development of KEC Hub , a 68,000 square metre tourism complex in Madinah.
“This agreement is one of several successful agreements with local banks aimed at providing investors with attractive financial solutions that encourage investments into this promising sector,” Qusai Al Fakhri, chief executive of TDF said in a statement.
“It exemplifies our commitment to delivering on the National Tourism Strategy, increasing the GDP contribution of the tourism sector from 3 per cent to 10 per cent by 2030 and creating one million new jobs.”
Dubai: Saudi Arabia’s Tourism Development Fund (TDF) in cooperation with Riyadh Bank will finance 1.3 billion Saudi riyals ($346.7 million) project in Medina aimed at capitalising on the tourism potential of the holy city, state Saudi Press Agency (SPA) said.
The fund signed an agreement with the Knowledge Economic City and Riyadh Bank to finance the development of the “Knowledge City Forum” project, a 68,000-square-metre tourism complex in Medina, making it among the biggest qualitative tourist projects in the holy city.
The multi-purpose project will include a five-star hotel that will be operated by a renowned world trademark, in addition to several tourist and entertainment facilities, shopping malls, restaurants and coffee shops, which will enrich the experience of tourists in the area.
Abu Dhabi: A social media influencer sparked controversy by publishing pictures of her son wearing women’s clothes and makeup, Saudi media reported.
The celebrity’s offences necessitated the intervention of Saudi Arabia’s Domestic Violence Reports Centre, and she was summoned by the Public Prosecution for investigation and legal action.
Khaled Al Fakhri, legal adviser and secretary-general of the National Society for Human Rights, said if the behaviour was repeated and systematic against the child, the child protection laws would be applied, and other measures taken, up to removing him to an alternative family, or placing him in a shelter designated by the Ministry of Human Resources and social development.